ML: $2.10 CAD Target by End of OctoberFor those of you who are interested in the lithium surge and want to see a stock that I am quite interested in, I am looking at ML at the Toronto Stock Exchange as having potential for nice and sturdy growth. Right now, I think the bullish run should continue and if I were you, I would likely see how this may end up playing out as a long hold. Ofcourse, you can also mitigate risks by shortening and rebuying, but overall between now and the next upcoming quarter, I expect positive growth correlations. As always, proceed with caution. Invest at your own risk. Everything I say is on an opinion basis as always.
Chartpatternstrading
5 Hot Penny Stocks Right Now5 penny stocks that I think are currently hot right now for a long hold are $ADOM, $SPCB, $MBIO, $MARK, and $ML. $ADOM I think will hit $1 quite soon given what has happened from the retracement of short sellers. $SPCB and $MARK got beaten up alot, should see the resistance break quite soon. $MBIO should retrace. $ML should surge given the EV surge. Right now, I'm mostly watching from the sidelines. As always, this is on an opinion based basis. Please proceed with caution or invest at your own risk.
Dash: $85 Target within OctoberDash is one of those cryptocurrencies that I am keeping a close watch on. Overall, the pattern has been pretty neutral and not too exciting, but it looks like it is ready to break. The bollinger bands and the autofib retracement seem to be predicting a higher percentage of growth than the current growth we are seeing now. Also support levels seem to be increasing and as crypto advocates are becoming more bullish, I think the resistance curve is about to be popped, it should be retested quite soon, and we might even see it hit $85 within October depending on how healthy the overall market is. Proceed with caution at your own risk. As always, this is on an opinion based basis.
ROKU's Next Level Target: $175 by End of AugustLots of indicators are going crazy with this one, and I seen the past wedges. Many people are also extra bullish given Netflix sentiment. I think realistically, Roku is expected to be on the positive trend level and that $175 by the end of August is a really sustainable and conservative goal. It may be quite high in the green today, but I think the party is just getting started for Roku. That being said, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis.
MAR right now is likely a dipFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. For those who sold off last high like the rest of the pros, congrats! Now it looks like Marriot is at the stock price of a dip, and lowest it can likely go may be $85, but I think it has been beat up quite a bit. I can expect this to likely be in a positive retracement pattern quite soon as it has not been historically that underwhelming. As always, this is on an opinion based basis and not meant to be taken seriously as actionable financial advice. Proceed with caution at your own risk.
SPCE: Level 2 Target is $20+Virgin Galactic is one of those interesting stocks to watch for a potential long hold. It retraced back towards the wedge target I have had in late April where many people shortened it before the dip. This means that since I was correct the first time, it is likely going to be close to a level 2 target where the next big positive wedge should start at the $20+ mark. Anyways, keep a close watch on this. As always, everything I say is on an opinion based basis and not meant to be taken seriously as actionable financial advice.
Take the Profits w/ ALT and ShortFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. The bull run went too high in my opinion and the current wedge looks like it can receive some steep resistance. I think right now it is at a good level where it is a better idea to not try getting too greedy because just as it went up really high, it can also come crashing down steeply as well. Anyways, proceed with caution. If you like this, it is probably less risky to sell and than rebuy at the dip rather than hold long at this current level.
NVAX: Key Points to Look AtEarlier today, I put a target of at most $115 and later was convinced to do a sell off at $108. Many people thought this would go straight to $150+, but it looks like the positive wedge have peaked. Right now, I currently think the dip will likely be at the $90 price point, but an important factor to consider is closely monitoring movement at the $95 mark. The advanced decline ratio seems to be peaking, and the FIB retracement also showed that it was towards its high point in the morning for the current correlation trend. As always, invest in your own risk and proceed with caution. This is on an opinion based basis.
Recently I was Right on ADA and SCI recently believed that Siacoin and Cardano were underrated. I stated some reasons for such, and they surged shortly afterwords. They are still currently quite underrated. Right now, I been doing lots of analysis for certain entry points, and I think Crypto has alot of variables to consider especially in consideration to BTC as somewhat of a factor to it just like how the DJI or SPY is a factor to the stock market. Anyways, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. Invest at your own risk.
SHLL Could Retrace towards $35First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I expect SHLL to have the resistance curve broken quite soon and when it does, a retracement should happen. I believe the next wedge correlation pattern is towards the $35 price point. Manipulation can be heavy w/ bear raiders or small/micro cap funds, this is especially given its market cap is only $672M. That being said, I am cautiously bullish.
$WKHS Should Retrace, Previous Downward Prediction$WKHS at a $20.15 price point, I said should drop to $17 and retrace to $30 . Right now it is $16.84, and the prediction I made was at $20.15. It dropped slightly more than expected, given many bearish riders, but I think most of that prediction should hold true. I predict the next target for a retracement could still be a breakout towards the $28, possibly $30 price point. That being said, invest at your own discretion. As always, please don't take any of what I say seriously or as financial advice. This is on an opinion based basis.
$NKLA Should Drop Down to at Least $32I was right to switch off from being bullish on Nikola to bearish right at the extremely profitable point. Now if you looked at some posts I made about Nikola on July 1st , you can see how I was very skeptical. I was already noticeably bearish prior, but after doubling down on my point, Nikola have immediately dropped down by -24.46% as of now. Many people were expecting it was on a route to positive retracement and some amateurish traders called me out for being very bearish. This serves as a lesson to not be overly speculative and value companies way more than they should be without brand equity. As always, this is on an opinion based basis, please don't take anything I say seriously or as financial advice. Pursue investments at your own risk.
How Elon Musk Outsmarted Short SellersElon Musk as you could have recalled tweeted a while ago that "Tesla's price is too high imo", this caused a reaction in which short sellers broke off the resistance curve of Tesla early, allowing Tesla to smoothly go up past $1250 afterwards as a positive retracement reaction with barely any resistance. Many of us thought in May he was losing his mind , and personally I was still bullish. This TradingView user said it helped trigger the NASDAQ uptick rule, and others have also been dumbfounded on maybe this being strategic. That being said, since the market reacted to a natural mathematical pattern as a result of him saying his stock is "overpriced", technically Elon Musk can't be accused of any market manipulation. He played the SEC, short sellers, and the overly bearish investors like cats w/ a laser pointer. Maybe this was his plan all along. Elon Musk: 1, Short Sellers: 0.
TESLA: Earnings Expectancy is Postive + Covid19 Vaccine?Tesla (as I stated prior), seems to be a gift that keeps on giving. Elon Musk is meeting production quotas for Tesla, and now Tesla is even working on being manufacturing partners for Covid19 Vaccine drug makers. This may potentially be a first step into upgrading Tesla into either a large holding company or industrial conglomerate. Either way, it is definitely good news and reasons to be quite bullish on the future of the automaker (who now has alot of brand equity value as well). I am upgrading my level 2 target to be $1.5k by September. As always, this is on an opinion based basis and not meant to be taken as actionable financial advice. Pursue at your own risk.
$FMCI, $30 Target Post-MergerTwo traders brought my attention to FMCI. They are SuggMyStock and adamans . I been analyzing it alot on Stocktwits, looking at the sentiment analysis as well as the recent "ladder spikes". I also been trying to focus on recent correlations and the sentiment leading to the past breakout. Realistically, I think that $FMCI can hit a $30 target post-merger. I think this can be within a two to three week timeline. As always, this is on an opinion based basis and not meant to be taken as actionable financial advice. Pursue at your own risk.
TESLA: Elon Musk's Gift that Keeps on GivingTesla is one of those stocks I been bullish for a while. Looking at the past patterns, who wouldn't be? The next level 2 wedge target from its current price has now been upgraded to what I see likely an inevitable $1250 price target by September. Tesla have surpassed my expectations in the past, and I expect it to do so again. While I'm not a huge Elon Musk fan, you have to give the guy credit for being able to meet production quotas and targets for Tesla. Please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I'm still long on Tesla at this point.
Bitcoin's Pattern is Neutral around $9.5kBitcoin have been one of the cryptos that seems to have a war between short sellers and hodlers. Right now, I am seeing the pattern being quite neutral for the past few month (even with decent ups or downs) at around the $9.5k price point. The patterns have been underwhelming for the trading session of 2020 so far. Still, I feel like it can be one of those long holds given market adaptation. That being said, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I may or may not have a conflict of interest. I'm still bullish for what is going on overall.
BTC's Been Pretty Neutral for around a $9.5k Price PointFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. I may or may not have a conflict of interest. That being said, here is my analysis: Bitcoin seems to have a tug of war scenario going on w/ the shorteners and the hodlers. What we are seeing has been for the past few month mostly a neutral pattern regardless of the decent ups and downs. The price I see it currently trailing around is a $9.5k price point. Overall, Bitcoin's performance have been underwhelming for a large portion of 2020, but as market adaption continues, I am still a fan of seeing this as a long hold in my opinion.
Glad I didn't get this, Looks Fishy!First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, JFIN has one of the biggest jumps and declines I ever seen analyzing stocks. I seen pump/dumps and exit scams before not rise and crash as much as this stock. Now, I am not trying to say they are a scam or point fingers, but something looks very fishy. All of the sudden they have a dramatic volume increase and everybody starts panicking right after? Seems like if what I think could be happening actually happened, a potential delisting is on their way. Shorten this if you don't like gambling, because either way this is blatantly high risk of an investment for an obvious charting pattern reason.
$MARK: Bullish Retracement/Bounce Back PotentialFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I think that MARK was shortened out of a bullish run quite recently, and while they seem to be not too capital intensive for the business sector they are in, likely they are to receive continued positive support and the next wave cycle will continue.
TSLA: Likely an $850 Short, then Retracing towards $1.2k+First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I think Tesla is still a dip, but it is likely to be shortened even more. I believe the next buy target is at $850, and then you are looking at a possible retracement that can go all the way up to $1.2k by September. I feel like it is one of those wave cycle patterns that may happen w/ Tesla, and if correct, it would be a strategic profit turnover.
$ADOM, is a Bounce Back Imminent? ~ Breakout Potential!First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, lots of previous correlation patterns show potential for bullish retracement waves, and a decent profit target for ADOM. You have what has happened w/ its recent surge, then the Dow Jones crash, causing bad time for few, perfect timing for others. Lots of the bearish panic sellers and shorts are likely gone by now, and I am expecting this to start rallying again.
